Bitcoin Price Faces Retest of $112K Support: Matrixport Signals Caution

Matrixport, a crypto financial services firm, suggests Bitcoin (BTC) may soon retest the crucial $112,000 support level. This prediction comes after recent price declines failed to hold established bullish momentum, potentially signaling a shift in market sentiment. While analysts expect this decline to be limited, they highlight that cautious investor attitudes are emerging ahead of the U.S. Federal Reserve’s September interest rate decision.